Investment
Velocis Sells Houston Office Campus
The Echo Lane campus comprises two buildings totaling 189,162 square feet. Since purchasing it in 2012, the firm raised the occupancy rate from 83 percent to 97 percent.
American Realty Advisors Acquires Houston Retail Center
Fidelis Realty Partners and BayNorth Capital sold Tanglewood Court, a three-building shopping project built in 2014. The property is currently fully leased.
Aztec Group Arranges $6M Financing
The company secured a seven-year fixed rate loan through BankUnited, on behalf of Reo Center Tampa LLC, for the acquisition of the Westshore Center office building in Tampa.
TerraCap Snags $39M Orlando Office Portfolio
HFF represented the seller, an affiliate of Banyan Street Capital and funds managed by Oaktree Capital Management, in its disposition of Resource Square I and III, two Class A properties totaling 244,549 square feet.
Bridge Sells VA Office Campus for $62M
The real estate investment management firm sold SunTrust Center One and Two, a 419,700-square-foot office complex in Richmond, to FD Stonewater just one year after purchasing the asset.
Newmark Group to Acquire RKF Retail Holdings
Robert Futterman, RKF’s chairman & CEO, will become chairman of Newmark’s Retail Leasing Division as part of a move that expands the firm’s retail services.
Columbia Property Sells Manhattan Office Asset for $333M
NYU Langone Medical Center has a 30-year triple net lease for the 390,000-square-foot building, which was recently converted for use as a multispecialty ambulatory care facility.
MCR Acquires Trio of Hilton Hotels Near University of Illinois
The U.S.’s seventh-biggest hotel owner-operator toasts the addition of three properties in Champaign, near the home of the Fighting Illini, including a Homewood Suites just steps from the campus.
OC Retail Center Sells for $30M
JLL has arranged the sale of a 77,276-square-foot shopping center located in Fullerton, Calif. The brokerage firm represented the seller.
Phoenix-Area Storage Facility Sells for $7M
Marcus & Millichap’s Tampa-based self-storage group, together with the firm’s Phoenix office, brokered the sale of the 722-unit asset located in Mesa, Ariz.